Parkside Investments LLC Reduces Holdings in RTX Co. (NYSE:RTX)

Parkside Investments LLC lessened its holdings in RTX Co. (NYSE:RTX) by 33.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock after selling 2,000 shares during the period. Parkside Investments LLC’s holdings in RTX were worth $463,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RTX. AQR Capital Management LLC grew its holdings in RTX by 23.2% during the 2nd quarter. AQR Capital Management LLC now owns 366,824 shares of the company’s stock valued at $36,825,000 after buying an additional 69,112 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of RTX in the second quarter valued at $248,000. Kathmere Capital Management LLC boosted its stake in shares of RTX by 31.4% during the second quarter. Kathmere Capital Management LLC now owns 4,304 shares of the company’s stock valued at $432,000 after acquiring an additional 1,028 shares during the last quarter. Ascent Group LLC purchased a new stake in RTX during the 2nd quarter worth about $251,000. Finally, Full Sail Capital LLC raised its stake in RTX by 6.8% in the 2nd quarter. Full Sail Capital LLC now owns 7,635 shares of the company’s stock valued at $766,000 after purchasing an additional 487 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on RTX. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna cut their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Stock Down 0.8 %

Shares of NYSE:RTX opened at $125.23 on Monday. RTX Co. has a 1 year low of $88.90 and a 1 year high of $128.70. The stock has a 50-day simple moving average of $118.38 and a 200-day simple moving average of $118.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market capitalization of $166.69 billion, a P/E ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.